Allister Heath

MORALITY and foreign policy make uneasy bedfellows. In 1997, when Tony Blair called for an ethical foreign policy, the country cheered; 17 years later, any politician calling for such idealism would be laughed out of town.

THERE are two camps on migration. The first, to which the vast majority of the public belongs, believes that immigration into the UK is much too high. The second, much smaller group, is more liberal on this issue.

VLADIMIR Ilyich Lenin was a monster. He was a central theorist of communism, a key player in the Bolshevik revolution, a commissar, a leading instigator of the Red Terror and other massacres, and the first leader of the Soviet Union.

MORE Ferraris are now sold in the UK than in any other European country. No fewer than 677 of the Italian supercars were delivered to the UK, out of total global sales of 7,000, more even than Germany, home of autobahns with no speed limits.

MONEY, money, money – there is much still to learn from Abba, the wonderful Swedish band, especially when it comes to economics. Take their garish outfits: the crazed hotpants, the white boots and the bizarre shirts.

MOST economists believe that the UK economy still boasts plenty of spare capacity, by which they mean that factories can still produce more, offices aren’t full, and plenty of people remain unemployed or underemployed.

IT’S NOT time to panic about the global economy just yet. Yes, equity markets are in freefall left, right and centre but the situation is far from universally disastrous. Growth is slowing after a strong run but isn’t about to end.

IF you want to know what old fashioned, hard-core monetary policy used to look like – the kind that those readers who lived through the UK’s European Exchange Rate Mechanism (ERM) humiliation will remember – look no further than what happened to T